Aevo Launches Token Airdrop, Distributing $95 Million to Users Amidst Mixed Reactions

March 14th, 2024
Decentralized derivatives platform Aevo has rolled out an airdrop of its AEVO tokens, worth $95 million, to early adopters. To qualify, users needed to meet criteria ranging from trading volumes to aeUSD balances. This distribution of 30 million AEVO tokens, priced at $3.22 each, represents 3% of the total supply, valuing the project at $3.2 billion. However, the excitement was tempered by users frustrated with receiving small allocations that incurred high Ethereum gas fees. In response, Aevo has been listed on Binance with a trading volume of $708 million in 24 hours, and plans to launch a trading incentives campaign for earning more AEVO through staking and trading.
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